S&P 500 (NYSE:SPY) component Time Warner Cable (NYSE:TWC) will unveil its latest earnings tomorrow, Thursday, January 31, 2013. Time Warner Cable, together with its subsidiaries, is a cable operator in the United States.
Time Warner Cable Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of $1.55 per share, a rise of 11.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $1.59. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.55 during the last month. Analysts are projecting profit to rise by 42.9% compared to last year’s $6.69.
Past Earnings Performance: Last quarter, the company saw profit of $1.41 per share versus a mean estimate of net income of $1.41 per share. This comes after two consecutive quarters of exceeding expectations.
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A Look Back: In the third quarter, profit rose more than twofold to $808 million ($2.60 a share) from $356 million ($1.08 a share) the year earlier, meeting analyst expectations. Revenue rose 9.2% to $5.36 billion from $4.91 billion.
Here’s how Time Warner Cable traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:
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